A pulse oximeter is a medical device used for non-invasive monitoring of blood oxygen saturation in clinical situations. Use different types of probes such as finger clips, nose clips, foot and forehead or ear stickers. Pulse oximeters work by combining oxygen with hemoglobin, which then absorbs near infrared light and displays the results immediately. This instrument is mainly used to measure oxygen content in peripheral blood. These pulse oximeters are recommended for people with heart disease, chronic obstructive pulmonary disease (COPD), and shortness of breath. The device does not require blood samples and gives fast results.
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The growing focus of market participants on increasing awareness of the use of reading pulse oximeters is expected to drive the growth of the global pulse oximeter market during the forecast period. For example, in January 2022 FIGS, Inc. announced a free fingertip pulse oximeter with the first 10,000 orders of the company's products through the mobile app and website. The device fits easily into a pocket or bag and is used to check blood oxygen levels and pulse without the need for bulky and bulky equipment.
Moreover, the increasing application of various growth strategies by market players to gain strong market advantages is expected to drive the growth of the global pulse oximeter market during the forecast period. For example, in September 2021, OSI System, Inc. received a nearly $3 million order to supply patient monitoring solutions and accessories to a hospital in the Midwest. The company can offer Xprezzon patient monitors, Xhibit central stations and Qube patient monitors.
The outbreak of the Covid-19 virus in China has positively affected the global pulse oximeter market. This medical device is used to monitor the health of Covid-19 patients. Using this device, physicians can determine the patient's medical needs as they can determine the oxygen level. Growing demand for pulse oximeters during the pandemic amid an increase in the number of patients with COVID-19 positively affects the growth of the market. For example, in July 2020, Hill Rom Services, Inc. launched Hillrom Extended Care Solution to help expand patient care beyond the hospital.
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The key players in the global pulse oximeter market are Emmed, Masimo, Curbell Medical Products, Inc., Medtronic Plc., Medline Industries, Inc., Nihon-Kohden Corporation, Stryker, GE Healthcare, CONMED Corporation, Koninklijke Philips NV, ChoiceMMed, Hill-Rom Services, Inc., Contec Medical Systems Co., Ltd., Smiths Medical, Beurer, Nonin, Promed Technology Co., Ltd., MICROTEK, Honeywell International, Inc. and OSI Systems Inc.
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Post time: Oct-12-2022